Stock On Watch: Institutional Investor Sentiment About Western Asset Income Fund (NYSE:PAI) Increased

November 18, 2016 - By Dolores Ford   ·   0 Comments

Stock On Watch: Institutional Investor Sentiment About Western Asset Income Fund (NYSE:PAI)  Increased

Sentiment for Western Asset Income Fund (NYSE:PAI)

Western Asset Income Fund (NYSE:PAI) institutional sentiment increased to 1.22 in Q2 2016. Its up 0.32, from 0.9 in 2016Q1. The ratio is positive, as 9 hedge funds increased and opened new holdings, while 10 sold and decreased equity positions in Western Asset Income Fund. The hedge funds in our partner’s database now possess: 841,276 shares, down from 1.81 million shares in 2016Q1. Also, the number of hedge funds holding Western Asset Income Fund in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 7 Increased: 5 New Position: 4.

Western Asset Income Fund is a closed-end diversified investment company. The company has a market cap of $143.32 million. The Fund seeks a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. It currently has negative earnings. The Fund’s secondary investment objective is capital appreciation.

About 21,671 shares traded hands. Western Asset Income Fund (NYSE:PAI) has risen 6.71% since April 18, 2016 and is uptrending. It has outperformed by 2.28% the S&P500.

Seabridge Investment Advisors Llc holds 0.39% of its portfolio in Western Asset Income Fund for 109,915 shares. Clifford Swan Investment Counsel Llc owns 119,904 shares or 0.12% of their US portfolio. Moreover, Shaker Financial Services Llc has 0.12% invested in the company for 12,207 shares. The Georgia-based Capital Investment Advisors Llc has invested 0.05% in the stock. Granite Investment Partners Llc, a California-based fund reported 44,816 shares.#img1#

PAI Company Profile

Western Asset Income Fund (the Fund) is a closed-end diversified investment company. The Fund’s primary investment objective is to provide current income through investment in a diversified portfolio of debt securities. The Company’s secondary investment objective is capital appreciation. Western Asset Income Fund seeks to invest at least 75% in debt securities rated within the four highest grades, and in government securities, bank debt, commercial paper, cash or cash equivalents, and up to 25% in other fixed-income securities, convertible bonds, convertible preferred and preferred stock. It seeks to invest not more than 25% of its assets in securities restricted as to resale.

More notable recent Western Asset Income Fund (NYSE:PAI) news were published by: Businesswire.com which released: “Western Asset Middle Market Income Fund Inc. Announces Tender Offer” on November 11, 2016, also Businesswire.com with their article: “Western Asset Managed High Income Fund Inc. (NYSE:MHY) and Western Asset High …” published on August 15, 2016, Businesswire.com published: “Western Asset Income Fund Portfolio Composition as of June 30, 2016” on August 01, 2016. More interesting news about Western Asset Income Fund (NYSE:PAI) were released by: Businesswire.com and their article: “Western Asset Global Partners Income Fund Inc. and Western Asset Global High …” published on November 16, 2015 as well as Businesswire.com‘s news article titled: “Western Asset Managed High Income Fund Inc. and Western Asset High Income …” with publication date: July 01, 2016.

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By Dolores Ford


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